Chattogram: The Bangladesh Securities and Exchange Commission (BSEC) and the Chittagong Stock Exchange PLC (CSE) organized a training workshop focused on 'AML/CFT Compliance and Risk-Based Supervision'. The event, held at the CSE's head office in Chattogram, saw participation from representatives of all stock brokers and stock dealers connected with the exchange, as stated in a press release.
According to Bangladesh Sangbad Sangstha, the workshop featured BSEC Commissioner Md Saifuddin, CFA, as the chief guest, and BSEC Executive Director (ED) Mohammad Jahangir Alam as a special guest. CSE Managing Director M Saifur Rahman Mazumder and CSE Chief Regulatory Officer (CRO) Mohammad Mehedi Hasan were also present.
Md Saifuddin highlighted the global significance of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), especially as markets become more integrated globally. He emphasized that addressing these issues is vital for Bangladesh to transition from a Frontier Market to an Emerging Market. He underscored the importance of Know Your Customers/Clients (KYC) in identifying parties involved in money laundering and stressed the need for secure cash and trade transactions, referring to this process as plumbing, which includes trust and custodian plumbing.
Mohammad Jahangir Alam remarked on the new era of transparency, accountability, and governance in Bangladesh's economy and capital market. He noted that money laundering, fraud, and terrorist fund collection pose significant international challenges, impacting the stability of the global economy, including the country's capital market. He warned that illegal transactions undermine market transparency and investor confidence, destabilize the financial sector, and damage the country's international image. Alam mentioned that the workshop was conducted in line with Rule 32(8) of the Money Laundering Prevention Rules, 2019, and was the last of four batches organized by BSEC in 2025, culminating in a total of 10 workshops.
Mohammad Mehedi Hasan defined money laundering as the concealment of undisclosed income and emphasized its importance for the capital market and the overall economy.
In his closing remarks, CSE Managing Director M Saifur Rahman Mazumder highlighted the structural liabilities of all stakeholders concerning compliance with anti-money laundering and terrorist financing. He noted that compliance levels influence a country's Country Grading, affecting international business and transaction decisions. Mazumder encouraged institutions to view compliance as a responsibility rather than a burden, emphasizing its connection to national interest, economic security, and international standing. He urged continuous self-improvement through regular training and preparation.